Market holds firm amid bear attack and sugar stock slump
New York May 12 stock market opened lifeless with only 32 000 shares in the first hour but recovered after a half hour of active selling. Many leading stocks suffered only fractional losses yet numerous new low records appeared. Coalers faced renewed antitrust pressure, Jersey Central fell 24 points to 296, sugar shares dropped on tariff tariff tariff news, while steel outlook remained weak. Bear activity increased as labor unrest and weak tonnage figures dampened sentiment but hopes lingered for a Minnesota rate decision. Bond market was easy with total sales at 2 140 000 par value. United States bonds unchanged on call.
MENTIONED IN THIS ARTICLE
New York
Washington
Jersey Central
Sueel
Supreme Court
Minnesota
Wall Street
United States
New Yort
Chaimere
Pricultural Sa
American Tobacco
Armour and Co
Atchison Gen
Altintore and
Ghio
Timeare
Ohio
Transit Co
Georgia
Central Leather
Chesapeake and Ohio
Kego
Alton
Johns A
Chicago
Quincy
St. P
Gen. Oe
IBM
Inter. Merc
Marine Interborough
National Bank
Pacific
Ban Pacific
National Res. of
Mexico
New York Central
RC Central
Burse Reyve
Hartt
Treasury
de Ita
National
Forfolk End Western
Philippine Treasury
Fortheen Pacific Northern Pacific
Erve Fund
Be. Gould and
Sen “Wranaoe i
Uuis
San Fran Gem
Louis Southwestern Con
Beabeard
Adj
Southern Pacific
Southern Pacific Co
Southern Pacific BR
Southern Raiway
Ithern
Union Pacific
Cv. Ae
Gemption
Vo Rubber Steel
BI House Electric cv. Sa
Louis
Nash
Mexican Petroleum
Car and Foundry
Kans
Tex
Missour Pacific
National Biscuit
Cotton
Ice Securities
Northern Pacific
Pacific Mail
Brig
Am. Tobacco
Anaconda
Pennsylvania
Atchison
People’s Gas
St. Oy
Atlantic Coast Line
Pittsburgh
Baltimore and Ohio
Bethlehem Steel
Brooklyn R.T
Canadian Pacific
Republic
Republic I
Rock Island Co
G. W.atersea
Chi
Mil
Seaboard Air Line
N. Werrerberece
Gnine Consolidated
Ee Seaboard A. L
Cale
Sloss-Shef
I. Aera
Consolidated Gas
Southern Railway
Delaware and Hudson
Southern Rwy
Pfa
Denver
R. G
Tennessee Copper
Texas and Pacific
Erie Union Pacific Pt
Irie
Erie
Wiel
United States Rubber
General Electric
United States Steel
Goldfield Corracl
U. S. Steel
Great Northern
Utah
Great North
Va.-Carp. Chemical
Tlinois Central
Va.-Car. Chem. P
Interborough-M
Wabasha
Wabash
Westinghouse Hlecez
Lake Erie
Kansas City Southern
Philadelphia
Parta
South
New York City
New York State
New England
mid-West
Sulzer
Albany
Prendergast
City of
Central Park
Holland
Treasury notes and copper markets mixed in mid June report
A decipherable ledger style note shows copper export figures and commodity pricing from March to June, with references to the London market and U S Treasury figures. Notable figures include a 17.25 price point and 11 10284 shipment mentions, alongside scattered references to copper and spot prices.
MENTIONED IN THIS ARTICLE
Jake
Ugg
Saksis
York
Mer
Standard
Nat Iorthern
Washington Stocks and Commodities Report with Prices
The Washington Stock Exchange session shows calls for Washington Gas, Railway and Electric, Mergenthaler Linotype, and other securities with prices. Separate items list butter eggs wheat corn oats poultry potatoes and related market notes from Philadelphia and New York markets with varied quotes and grade details.
Wall Street Gloom Amid Mixed Bond News And Dividends
In New York May 12 stock boards showed a barren session with half the railroad and industrial issues listed. Prices firmed only in high grade bonds with gains in Chicago and Northwestern first 48 and Standard Oil of Nebraska declared a 25 percent stock dividend plus a $10 per share bond. Independent mines in Minnesota and Michigan reportedly cutting ore prices while contracts are drawn at 3.75 per ton.
MENTIONED IN THIS ARTICLE
New York
Adama Express
American Steel Foundry
Anglo-American Oil
Alaska Gold Ny Braden
British-American Tobacco
Chicago Subway
Gtroux Consolidated Greene-Cananea Hollinger Fas
Herr Lake
Ta Base Consolidated
I Coal Sales Co
Maron Walter Manhattan Transit Marconi New
Ide Vie
Big Marcon
Mipissing Mines
Yukon Gold United Cigar Stores
United Cigar Stores
Standard Oil Company
Nebraska
Duluth
Bessemer
Minnesota
Michigan
SALE OF STEEL ABROAD HOLLAND
United States Steel President James A Farrell testified in the government suit to dissolve the trust. He described the export drive as a global expansion from Iceland to Fiji Islands, detailing agencies and overseas sales while denying pools or price agreements with foreign manufacturers. The testimony outlined large foreign markets and staffing, with contrasts to domestic pricing and opposition.
MENTIONED IN THIS ARTICLE
Big Company
Tella
Iceland
Fiji Islands
Wess
Steel Corporation
Farrell
William E. Corey
United States Steel Products Company
Carnegie Stes
Patagonia
Formosa
South Africa
Europe
Manchester
England
Goide
New York Produce Markets May 12 Butter and Commodities Report
New York markets show steady butter receipts 4,188 boxes with varied creamery grades and pricing. eggs in firm supply 19,050 cases with price ranges across firsts to extra, and flour steady amid moderate trade. Reports cover poultry, pork, lard, cornmeal, rye flour, sugar and coffee with diverse regional pricing and quality notes.
MENTIONED IN THIS ARTICLE
Philadelphia
Western Creamery Extra
Cherse—Wesk
New York
Florida
York
Wisconsin
Pennsylvania
Hennery
Bennery
Stralgate
Kansas
South America
Ally
Maine
Bali
Jersey
Southern
Virginia
BRS
Santos
Local trading restrained with mixed bid activity noted
Trading on the local exchange yesterday showed restricted activity with some price support. Capital Traction at 120 3-4 for 25 shares, Washington Railway and Electric preferred near 91, common bid 91 1/2 with no offers under 93, and limited sales around 85 to 92. Mergenthaler eased to 216 1/2, closed 216 5/8. American Security and Trust at 300 after 6 points drop. scarce sale activity. Bonds eased slightly with no strong selling pressure. Washington Gas 108 and 4s for Washington Railway and Electric at 8. fractions 109 7/8 offered, market at 100 1/2, no sales.
MENTIONED IN THIS ARTICLE
Washington Gas
Washington Railway and Electric
Capital Traction
Washington Railway and Electric Preferred
Mergenthaler Linotype
American Security and Trust
Bio Gas Cart
JONDS
Capital Traction Co
Anacosti
Columbia
Mort
Columbia Railway
S. Iy
Letropo Ash
Mount Ver
Potomac Electric Con. Mort
Potomac Electric Power
Amer
Norfolk and W
Rigas Realty
Ealty
Oe Capital Traction Co
Wsteee Dl
Wash
Electr
Virginia Rirginis Ry
Forte and Wash
Ston Gas
Likht and Wuei-Co
American Tel
Tekses
Areee Type Machine
Mecgenthaler Linotype
MBM
Greene-Cananea
Capital
Eee Umibik
Lincoln
Trust Company
Ioan Security and Trust
National Savings and Trust
Union Trust Company
Washington Loan and Trust
United States Trust Ca
Continental
Citizens Savings
Union Savings
Anlington
S. Franklin
National Union
Chapin Lockec Co
Dist
Col. Miz
Secunty Storage Co
Washington Market
Washington
Mergenthaler
Httle
Washington Railway
United Fruit Co Inquiry Highlights Sherman Antitrust Debate
Federal antitrust action against United Fruit Company features assertions by government officials and company attorneys. Subpoenas issued to William Newsome and other executives to testify before a New York grand jury. Secretary of State charter grants West Virginia incorporation to Equitable Oil and Gas Co with $80,000 capital and Washington, D C origin.
MENTIONED IN THIS ARTICLE
United Fruit Company
Department of Justice
James A. Fowler
Wiliam
Charleston
W. Va
Equitable OW and Gas Company
Washington, D. C
West Virginia
R. B. Parrott
M. M. Caskie
W. S. Watts
A. M. (. Hudson
George N. Jesse
Washington
Carelessness Lapses in Foreign Mail Postage
American merchants lose trade as letters to foreign traders use only 2 cent and 7 cent stamps. Foreign agents report about half of correspondence has insufficient postage. Postage rates are 5 cents for the first ounce and 3 cents for each additional ounce. Department recommends colored envelopes to reduce errors.
MENTIONED IN THIS ARTICLE
Department of Commerce
Cotton market opens steady amid short covering in New York
The New York cotton market opened steady gaining 3 points before quiet hours turned active on short covering and new buying. Weakness from late gains paused by rains in the South and hopes of additional shipments. Prices finished steadier with modest gains, while Liverpool set to reopen tomorrow.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Live Stock Markets in Chicago and New York May 12
Chicago receipts hogs 42,000 with prices mostly lower but closing strong. cattle 26,000 slow and steady. sheep 16,000 with best lambs higher and market steady. New York reports irregular but firm dressed beef and steadier calves. sheep and lambs mixed with steady to firm notes. Baltimore weekly cattle and sheep receipts show steady market with lambs and spring lambs firm.
MENTIONED IN THIS ARTICLE
Chicago
Texas
New York
Kmatm
Dresser Salves Ateady
Calvan
Financial quotes and market rates in New York mixed
The report from New York on May 12 shows mixed steady rates across currencies and bonds. Bankers’ bills hold near 2 percent, mercantile and government bonds show uneven strength, with oil quotes and livestock prices touching minor shifts.
Also Mentioned on This Page
Ewe
The
Bears
United States Treasury
Baltimore Securities
Curb Market
Chicago Grain
Boston
Ay City and Sub
Oata
Indiana
IL Inoja
Wits
Butte
Franklin
Giroux
Granby
Park— Greene-Cenanea
Mohawk
Nevada
Shannon
Mt Re Pet
Panama
CHIVE
Washington Stock Exchange
Brooklyn Rapid Transit
Delaware
Judson
Tuiness Central
Loulaville
General Electric Northern Pacific
Steel Preferred Consolidated Gas
St. Paul
St Paul
Brooklyn
Nicholas
Montenegro
Davy Crockett
Coon
Northwestern
Flrst
Omaha
NEW York Stock Market
U. S. Stee Corporation
United States Steel Corporation
James A. Farrell
Wueddot
Elgin
Local Financial
United Fruit CO. Inquiry
U. S
William Newsome
United Truit Company
Sheppard G. Schermerhorn
Charles B. Jopp
Bacon Trust Company
Coottron
Galverton
New Orleans
Mobile
Norfolk
Finn
Baltimore
Texas City
Granswick
Jacksonville
Houston
Bready
Augusta
Steadr
Memphis
Cincinnati
Little Rock
Continent
Japan
Porte
Great Britain
France
Co-Operative Building Association
Equitable
John Joy
Frank FP
Equitable Building
N. W
Hills Spear
Amide
P. B. Turpin
Ntrectoara
Job Wares, Fredk. V. Coville
J. J. Edson, Jr
Gilbert H. Grosvenor
Jno
A Hamilton
B. Larner, Fredr
B. Pyle
W. B. Hibbs & Coo
W York Stock Exchange
Washinston Stock Exchange
Board of Trade
Hibbs
The Riggs _ RATIONAL BANK
Enna. Ave
U &. Treasury
District of Columbia
Swartzell, Rheem & Hensgey Co
Fifteenth Street N. W
Lewis Johnson & Co
Bankers
Pennsylvania Ave
New York Stock Exchange
Caple
Foreign Exchange
Credit Star
Washington & Southern Bank
G Street
J. Selywin Taft
Monsy Ca
Bankers' Hilla
Ummerelas
Fredi
Marth Lima
Fuleda OhLi Maz
Washington Cattle Market
F.R. Dorr
5Th St
Jeposita
National Savings and Trust Company
Fifteenth Street
U.S. Treasury
Thorns J. Fincer & Co., Inc
15Th St
13Th St
D. C
WM. H Saunders & CO
Southera
16Th St
Tyler & Rutherford, Inc
Fao
15Th St Nw
D.C
F. H. Smith CO
N.Y. Ave
N. B
Atlanta
Montgomery
Chattanooga
Mespais
Asheville
Atlants
Columbus
Birmingham
Asianta
Anniston
Talladega
Calera
Salma Bro
Uninne Town
Denepolis
Meridien
Boaroke
Bristol
Knoxville
Meridian
Vicksburg
New Orleana
Asheriie
Columbia Merstile
Suyarish
Vista
Calfornia
Cnea
Omer
Moat Rp Ca
Gayes Brown
Washington Southern Railway
Rihuerd
Fredartoxebore
Nirwspaprri RC Hiyr